2023 Chevrolet Colorado Car Insurance Calculator

Learn visually how different factors impact car insurance rates for a 2023 Chevrolet Colorado. Modify options like driving violations, coverage levels, and mileage driven to see their impact. Immediately discover if the change you make has positive or negative consequenses.

The average estimated car insurance premium for a 2023 Chevrolet Colorado is $1,896 per year, or about $158 per month. This is based on a 40-year-old male driver with no prior driving violations or at-fault accidents. Comprehensive and collision deductibles are $500 and Uninsured and Underinsured Motorist (UM/UIM) coverage is included.

Annual Premium

$1,896

Cost Per Month

$158

The Annual Premium and Cost Per Month change instantly as you adjust calculator options.

If you change a factor that results in a higher insurance cost, the rates turn red. If you adjust a factor that saves money, the rates turn green. For a detailed explanation of each rate change, click the blue button above.

Quick Guide to Using the Insurance Rate Calculator

  1. Update Options: Adjust any settings in the form below.
  2. Observe Rate Changes: Watch how the Annual Premium at the bottom of the page changes.
  3. Get Detailed Insights: Click the blue up arrow button for an explanation of the rate change.

Key Features:

Chevrolet Colorado Options

Driver Options

Insurability Factors

Policy Coverages

Calculated vs. Average Rate

Discover how your personalized car insurance rate compares to the average annual premium for a 2023 Chevrolet Colorado.

As you adjust the calculator settings, the 'Your Rate' value dynamically shifts left or right on the rate range bar. This movement visually demonstrates how your rate compares to the typical insurance cost for this vehicle model.

For continuous comparison while you explore different settings, you have the option to pin this rate range bar to the bottom of your screen.

$1,896
Average Rate
Your Rate
$1,896

The 'Average Rate' is calculated based on default options for a typical driver profile: a 40-year-old married male with good credit, no prior accidents or violations, current car insurance coverage, and homeownership. The coverage includes collision and comprehensive coverage with $500 deductibles, liability limits of 100/300/100, and includes Uninsured/Underinsured Motorist and Medical Payments coverages.

The 'Average Rate' is a combined value for all 2023 Chevrolet Colorado trim levels.

Insurance Rate Analysis

Your personalized insurance analysis will appear below after modifying any options in the calculator settings above.

Based on the default settings in the calculator options, the annual premium for a 2023 Chevrolet Colorado is $1,896.

After making any changes in the calculator settings, this section will explain the choices that have a positive effect on either rates or coverage, as well as those that have a negative effect.

Factors That Favorably Influence Your Rates and Coverage

There are many things that have a positive effect on your rates, like being a mature driver, being married, having great credit, owning your home, and more.

Once you've fine-tuned the settings in our calculator, this section will provide an analysis of all the factors that have contributed to reducing your rates or improving your coverage options.

Factors That Could Increase Rates or Result in Coverage Gaps

Certain circumstances may lead to higher insurance rates or potential gaps in your coverage. These include life events such as being involved in at-fault accidents, incurring driving violations, experiencing lapses in coverage, or simply being a younger driver. While not all of these factors are within your control, many can be managed to mitigate their impact.

As you adjust the settings in our calculator, this section will detail and explain all the factors that have contributed to higher rates or reduced levels of coverage.

2023 Chevrolet Colorado Segment Comparison

The table below compares insurance rates for the 2023 Chevrolet Colorado against all other models in the midsize truck segment. The Chevrolet Colorado is highlighted in light orange, and the segment's average insurance rate is in light blue.

Annual Premium values in the table are based on the current selections in the rate calculator settings.

The Difference column indicates the annual premium variance between each model shown and the Chevrolet Colorado, with green values denoting cheaper rates and red values indicating more expensive rates compared to the Chevrolet Colorado.

After choosing a vehicle trim level in the calculator options, the rates shown will reflect your choice.

2023 Chevrolet Colorado Segment Insurance Cost Comparison
Rank Make and Model Annual Premium Difference
1Ford Maverick$1,886-$10
2Chevrolet Colorado$1,896--
3Nissan Frontier$1,964$68
4Ford Ranger$2,018$122
5GMC Canyon$2,066$170
6Toyota Tacoma$2,078$182
7Hyundai Santa Cruz$2,116$220
2023 Midsize Truck Average$2,149$253
8Honda Ridgeline$2,260$364
9Jeep Gladiator$2,366$470
10Rivian R1T$2,836$940

Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500 and UM/UIM and medical payments coverages are included. Premiums are averaged for all trim levels for each model.

2023 Colorado Insurance Rates by Trim Level

The table below shows insurance rates for all trim levels available for the 2023 Chevrolet Colorado.

Annual Premium and Cost Per Month values show in the table are based on the current selections in the rate calculator settings. After setting the trim level option in the calculator settings, it will be highlighted in the table.

2023 Chevrolet Colorado Insurance Rates by Trim Level
2023 Chevrolet Colorado Trim Level Annual Premium Cost Per Month
WT Extended Cab 2WD$1,770$148
WT Extended Cab 4WD$1,774$148
WT Crew Cab 2WD$1,794$150
WT Crew Cab 4WD$1,794$150
LT Extended Cab 4WD$1,836$153
LT Extended Cab 2WD$1,838$153
LT Crew Cab 4WD$1,896$158
LT Crew Cab 2WD$1,916$160
Z71 Extended Cab 4WD$1,918$160
Z71 Crew Cab 4WD$1,940$162
Z71 Crew Cab Duramax 4WD$1,984$165
ZR2 Extended Cab 4WD$2,012$168
ZR2 Crew Cab 4WD$2,022$169
ZR2 Extended Cab Duramax 4WD$2,046$171

Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500 and UM/UIM and medical payments coverages are included.

Insurance Rates by Driver Age

The table below shows average car insurance rates for the 2023 Chevrolet Colorado for different driver ages.

2023 Chevrolet Colorado Insurance Cost for Drivers Aged 16 to 80
Driver Age Annual Premium Cost Per Month
16$6,650$554
17$6,413$534
18$5,698$475
19$5,225$435
20$4,006$334
21$3,827$319
22$3,432$286
23$2,858$238
24$2,694$225
25$2,192$183
30$2,014$168
35$1,950$163
40$1,896$158
45$1,778$148
50$1,690$141
55$1,576$131
60$1,578$132
65$1,670$139
70$1,808$151
75$2,128$177
80$2,600$217

Data Methodology: Rated driver is male and has no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500. Uninsured Motorist (UM), Underinsured Motorist (UIM) and medical payments coverages are included. Drivers under the age of 25 are considered single, while drivers 25 and over are rated as married. Annual premium is averaged for all Chevrolet Colorado trim levels.